earnings
confidence high
sentiment neutral
materiality 0.60
Grid Dynamics Q2 revenue $77.3M record, up 62.2% YoY; GAAP net loss widens to $(13.2)M
GRID DYNAMICS HOLDINGS, INC.
2022-Q2 EPS reported
-$0.24
revenue$148,745,000
- Revenue of $77.3M, up 62.2% YoY and 8.3% sequentially; eighth consecutive record quarter.
- GAAP net loss $(13.2)M ($0.20 loss per share) vs $(1.5)M loss in Q2 2021.
- Non-GAAP net income $8.2M ($0.12 diluted EPS) vs $6.1M ($0.10) in prior year.
- GAAP gross margin 37.3% vs 41.5% YoY; non-GAAP gross margin 37.7% vs 41.8%.
- Non-GAAP EBITDA $13.3M vs $9.7M in Q2 2021.